Suppose That Canada and the European Union Impose Price Floors

Multiple Choice

Suppose that Canada and the European Union impose price floors on many similar agricultural products.These price floors lead to unwanted surpluses.To deal with a surplus:

A) the Canadian government typically pays farmers to produce as much as possible.
B) the Canadian government in some cases has destroyed the surplus production.
C) the European Union pays farm exporters to sell products for a profit overseas.
D) the Canadian government holds auctions to sell the surplus to the highest bidder.